3 stocks yielding greater than 5% you need to know about

Don’t settle for low-interest rates when there are far greater gains to be made.

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Gaining exposure to solid, fully franked dividend yields is one of the best ways investors can boost their wealth over the long term. When combined with increasing stock prices, the results can be truly incredible over the long term and can help deliver S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) market-smashing returns.

Here are three high-yielding stocks that would make for excellent additions to your portfolio today…

1)  SKYCITY Entertainment Group Limited-Ord (ASX: SKC) is a fantastic alternative to Crown Resorts Ltd (ASX: CWN). Compared to Crown’s 2.4% yield, Skycity is expected to distribute 19.8 cents per share, which equates to a 5.8% yield.

2)  Coca-Cola Amatil Ltd (ASX: CCL) has been out of the market’s favour over the past year due to short-term issues facing the business. However, the long-term is looking as bright as ever and shareholders can enjoy its tasty 6.5% grossed up dividend yield.

3)  Super Retail Group Limited (ASX: SUL) is also well worth checking out for exposure to the retail sector. While the stock is still sitting well below its 52-week high, its yield is certainly looking more appealing at 3.9%, fully franked. Grossed up, that’s a juicy 5.5% yield.

The Motley Fool’s number 1 dividend stock – yours FREE!

Each of the companies mentioned above have the potential to deliver market-beating returns over the coming years.

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When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

Motley Fool contributor Ryan Newman owns shares in Coca-Cola Amatil Ltd.

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